Common use of Restrictions on Transfer and Conversion Clause in Contracts

Restrictions on Transfer and Conversion. a. The Stockholder hereby covenants and agrees that the Stockholder shall not, except with respect to existing pledge agreements or as otherwise consented to in writing by Parent in its sole discretion, prior to the termination of this Agreement, (i) either directly or indirectly, offer or otherwise sell, assign, pledge, hypothecate, transfer, exchange, tender, dispose or grant an option to dispose of any Voting Agreement Shares or any interest therein, or agree to do any of the foregoing, or (ii) take any action which would have the effect of preventing or disabling the Stockholder from performing the Stockholder's obligations under this Agreement.

Restrictions on Transfer and Conversion. a. The Stockholder hereby covenants and agrees that the Stockholder shall not, except with respect to existing pledge agreements or as otherwise consented to in writing by Parent in its sole discretion, prior to the termination of this Agreement, (i) either directly or indirectly, offer or otherwise sell, assign, pledge, hypothecate, transfer, exchange, tender, dispose or grant an option to dispose of any Voting Agreement Shares or any interest therein, or agree to do any of the foregoing, or (ii) take any action which would have the effect of preventing or disabling the Stockholder from performing the Stockholder's obligations under this Agreement. b. No violation of the foregoing provisions of this Section 1 shall operate to terminate this Agreement. 2.

Restrictions on Transfer and Conversion. a. The Stockholder hereby covenants and agrees that the Stockholder shall not, except with respect to existing pledge agreements or as otherwise consented to in writing by Parent in its sole discretion, prior to the termination of this Agreement, (i) either directly or indirectly, offer or otherwise sell, assign, pledge, hypothecate, transfer, exchange, tender, dispose or grant an option to dispose of any Voting Agreement Shares or any interest therein, or agree to do any of the foregoing, or (ii) take any action which would have the effect of preventing or disabling the Stockholder from performing the Stockholder's obligations under this Agreement; provided, that the Stockholder may transfer up to 200,000 Voting Agreement Shares to CFW Communications Foundation. b. No violation of the foregoing provisions of this Section 1 shall operate to terminate this Agreement. 2.

Restrictions on Transfer and Conversion. a. The Stockholder hereby covenants and agrees that the Stockholder shall not, except with respect to existing pledge agreements or as otherwise consented to in writing by Parent in its sole discretion, prior to the termination of this Agreement, (i) either directly or indirectly, offer or otherwise sell, assign, pledge, hypothecate, transfer, exchange, tender, dispose or grant an option to dispose of any Voting Agreement Shares or any interest therein, or agree to do any of the foregoing, or (ii) take any action which would have the effect of preventing or disabling the Stockholder from performing the Stockholder's obligations under this Agreement; provided, that the Stockholder -------- may transfer up to 200,000 Voting Agreement Shares to CFW Communications Foundation.